The professionals at The Money Tree Financial Planning Inc. strive to bring growth and stability to your financial life.
How would your retirement change if you could be debt free 10 years sooner?
Tired of too much product advice and not enough plan advice?
Want to get more out of life with the money you already have?
Miscalculated and over contributed to your RRSP? If that over contribution exceeds the $2000 limit; here’s what to do: Decide Whether to Withdraw the Money. CRA will penalize you 1% of the overage every month until withdrawn, so in most…
Every wonder what happens if you die without a valid Will in place? Your assets will be distributed according to the formula set out in the legislation of the province in which you live. In Ontario, we have The Ontario…
Well, with April 30th in the rear-view mirror, it’s time to turn our attention from receipts and filing to what to do with our refunds. Understanding the urge to spend it on travel, shopping or dining, here are a few…
Global capital markets reversed course after a notably difficult end to 2018, rebounding strongly to post mainly positive results for the first quarter of 2019. Equity markets appeared to be lifted by the prospect of easier monetary policy, while bond…
Most of the time when we think about preparing for our retirement years we generally think about saving; typically, in our RRSPs, TFSAs and Pension Plans. However, when planning for retirement eliminating your debt is just as important as creating…
April can be stressful; running around gathering up 2018 receipts, statements and T-slips in order to file your tax return on time. Therefore, I thought I would do something a little different this week and give you some ideas on…
With tax season in full swing; there are always lots of questions around investment income and how to report it, here are some frequently asked questions on Capital Gains: What is a capital gain (or loss) on an investment?…
Not sure if you are financially stable enough to retire? If you can check off most of the following items chances are you’re ready. Your home is paid for. Most people live on a reduced fixed-income during retirement, so…
Earlier this week the federal government tabled its budget; here are a few highlights: Home Buyers Plan (HBP) – Currently the HBP allows first-time homebuyers to withdraw $25000 tax free from their RRSP to purchase or build a home. The…
One of my favourite saying is: If it wasn’t for the last minute some things would never get done. Many Canadians obviously feel the same way about filing their tax returns, often leaving it to a last minute just before…